EWC Options History — February 2023

In February 2023, EWC traded between $34.03 and $35.91. ATM implied volatility averaged 18.8%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 6.2% (HV 20d: 12.6%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 501.15.

Notable Days

  • 2023-02-15: Highest Volume — 40,080 contracts
  • 2023-02-21: Largest IV spike — 23.7% change
  • 2023-02-22: Highest IV Rank — 15.4%
  • 2023-02-01: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.06$34.03$35.91$35.91$34.05
Max Pain$34.05$34.00$35.00$35.00$34.00
ATM IV18.8%16.3%21.3%18.9%19.5%
Expected Move5.3%4.6%6.5%6.5%5.5%
HV 20d12.6%11.4%14.9%14.9%12.3%
HV 60d17.8%16.3%20.8%20.8%16.3%
IV Rank10.1%4.6%15.4%11.2%11.7%
IV Percentile15.7%1.6%36.5%15.5%22.2%
Term Structure0.4%-2.8%5.0%-1.2%-0.9%
VWIV19.8%12.5%23.9%22.9%17.7%
Skew 25d2.3%-21.3%4.9%1.2%4.0%
Skew 10d8.6%-41.3%23.5%4.3%22.9%
Call IV 25d18.7%15.7%41.1%17.7%17.8%
Put IV 25d21.0%18.9%23.2%18.9%21.8%
Bid-Ask Spread %58.4934.61108.86108.8666.45
Gamma HHI0.150.140.190.150.19
Net GEX-18.6M-26.1M-13.4M-16.1M-20.8M
Net DEX162.0M102.3M262.5M138.0M216.3M
Net VEX-3.3M-3.7M-3.0M-3.3M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio501.150.046503.006503.00559.11
Total Volume3,951.1581340,08013,0085,041
Total OI677,868.474663,757689,186663,757666,985

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$35.91$35.0018.9%6.5%14.9%11.2%0.0%1.2%-1.2%-16.1M138.0M-3.3M6503.00108.86N/AN/A213,00676,858586,899
2023-02-02$35.70$34.0018.0%5.1%14.5%9.2%22.9%3.1%0.5%-15.9M119.0M-3.5M22.9538.71N/AN/A4398776,855599,893
2023-02-03$35.47$34.0017.5%5.3%14.4%7.3%19.6%3.0%-0.1%-17.7M102.3M-3.2M960.0861.25N/AN/A1211,52176,882600,840
2023-02-06$35.20$34.0019.1%5.4%12.0%10.7%18.9%4.9%-0.1%-19.5M182.4M-3.7M96.1944.95N/AN/A212,02076,868612,147
2023-02-07$35.50$34.0017.6%5.3%12.1%7.5%19.8%4.0%0.9%-16.5M110.0M-3.2M29.7546.93N/AN/A411976,869612,150
2023-02-08$35.30$34.0018.4%5.4%12.3%9.3%18.9%4.4%0.6%-16.7M140.9M-3.5M4.5049.13N/AN/A62776,961612,201
2023-02-09$35.14$34.0019.0%5.6%12.3%10.6%0.0%2.7%-2.8%-19.2M139.4M-3.3M14.7565.09N/AN/A45976,965612,221
2023-02-10$35.53$34.0019.8%5.4%12.1%12.2%20.9%4.9%-1.4%-17.4M134.1M-3.4M0.3560.35N/AN/A311176,962612,185
2023-02-13$35.70$34.0018.9%4.9%12.0%10.3%20.4%2.1%3.1%-18.3M117.9M-3.2M77.0046.71N/AN/A17776,823612,101
2023-02-14$35.72$34.0016.8%4.6%11.9%5.8%23.0%4.1%4.4%-13.4M115.8M-3.2M1.1762.18N/AN/A182176,824612,126
2023-02-15$35.55$34.0016.3%4.7%11.4%4.6%18.0%3.8%2.4%-17.2M112.3M-3.0M1213.5534.72N/AN/A3340,04776,825612,123
2023-02-16$35.20$34.0018.0%4.9%12.0%8.3%12.5%3.0%5.0%-15.2M139.1M-3.3M2.2534.61N/AN/A4976,837590,597
2023-02-17$34.95$34.0017.1%4.9%11.6%6.4%21.1%2.4%-0.6%-17.9M174.8M-3.5M13.3839.04N/AN/A3445576,836590,591
2023-02-21$34.41$34.0021.1%5.8%12.5%15.2%19.6%-21.3%-0.1%-23.2M168.1M-3.0M14.3083.59N/AN/A2332976,759587,352
2023-02-22$34.16$34.0021.3%5.7%12.7%15.4%23.9%4.2%-1.8%-23.1M246.7M-3.7M0.4681.82N/AN/A37717581,782592,455
2023-02-23$34.28$34.0019.8%5.3%12.8%12.3%19.2%4.2%-0.0%-20.0M229.9M-3.6M0.0459.00N/AN/A92482,090587,598
2023-02-24$34.03$34.0020.2%5.6%12.3%13.1%20.0%4.3%-0.6%-26.1M262.5M-3.5M7.1156.18N/AN/A2819982,119587,600
2023-02-27$34.28$34.0019.3%5.5%12.6%11.3%19.8%3.7%0.3%-19.4M228.2M-3.5M1.8371.74N/AN/A8215082,080587,242
2023-02-28$34.05$34.0019.5%5.5%12.3%11.7%17.7%4.0%-0.9%-20.8M216.3M-3.1M559.1166.45N/AN/A95,03282,153584,832